Netflix Sees Q3 Revenue $9.727B vs $9.82B Est., EPS $5.10 vs $4.74 Est.
Portfolio Pulse from Benzinga Newsdesk
Netflix reported Q3 revenue of $9.727 billion, slightly below the estimated $9.82 billion. However, the company exceeded earnings per share (EPS) expectations with $5.10 compared to the estimated $4.74.
July 18, 2024 | 8:03 pm
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Netflix reported Q3 revenue of $9.727 billion, slightly below the estimated $9.82 billion. However, the company exceeded earnings per share (EPS) expectations with $5.10 compared to the estimated $4.74.
While Netflix's revenue slightly missed expectations, the significant beat on EPS is likely to have a positive impact on the stock price in the short term. Investors often place a high value on earnings performance, and the EPS beat suggests strong profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100